The chunky interim dividend is likely to be followed up by a further payment at the year-end
() has received a US$658,546 interim dividend payment from Jupiter Mines Ltd. ().
Jupiter is now raking in cash from its stake in the Tshipi manganese mine in South Africa, and is in turn, passing that cash onto shareholders like Red Rock.
Red Rock has a long-standing interest in Jupiter, and currently holds a 0.95% stake, as part of a wider portfolio of mining investments.
Red Rock also noted that the manganese price has strengthened in the second half of Jupiter's financial year, and the price for 37% ore currently stands at US$6.22 per dry metric ton unit FOB Port Elizabeth.
This bodes well for a second, full-year payment in due course.
NO INVESTMENT ADVICE
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...
In exchange for publishing services rendered by the Company on behalf of Red Rock Resources PLC named herein, including the promotion by the Company of Red Rock Resources PLC in any Content on the Site, the Company...
FOR OUR FULL DISCLAIMER CLICK HERE